Duke Energy Corp Stock Price, News & Analysis

Duke Energy announced plans to restore power to nearly all customers affected by the recent winter storm in the Carolinas by late tonight. Over 250,000 customers have had power restored so far, with only 24,000 remaining without electricity as of 3 p.m. today. Most of these outages are in North Carolina and South Carolina, with some areas expecting delays due to extensive damage. Duke Energy is deploying additional resources to expedite restoration and will communicate estimated restoration times directly to impacted customers.

Duke Energy reported that a winter storm has impacted the Carolinas, cutting power to 67,000 customers, with potential for more outages. Currently, 27,000 customers in North Carolina and 40,000 in South Carolina are without power. The company has deployed over 11,000 response workers to assist with restoration efforts. Damage assessments will be conducted once safe, as ongoing hazardous conditions limit repair capabilities. The restoration process could take several days, and updates will be provided through various communication channels.

Duke Energy warns customers in North and South Carolina about scammers impersonating company representatives during an upcoming winter storm. These scammers threaten power cut-offs unless immediate payments are made. Duke Energy emphasizes it never demands immediate payment or personal information via phone calls. To protect customers, the company shares tips to identify scams, including ignoring robocalls and avoiding prepaid debit card payments. The company serves 7.9 million customers across several states and aims for significant carbon reduction by 2030.

Duke Energy has announced that a severe winter storm forecasted for January 15, 2022, could lead to power outages affecting up to 750,000 customers in North Carolina and South Carolina. In preparation, Duke has deployed over 10,000 workers, including 4,100 from external companies, to assist in restoration efforts. The storm is expected to cause significant ice accumulation, leading to downed power lines and extended outages. Damage assessment will commence post-storm, and Duke Energy will provide updates through various communication channels.

Duke Energy is preparing for potential winter storm impacts in the Carolinas as snow and ice are forecast. Heavy precipitation may cause power outages, prompting the utility to mobilize nearly 600 personnel from other areas and secure assistance from 1,000 workers from other utilities. The company emphasizes safety and encourages customers to prepare for outages by stocking essentials. Duke Energy's storm response teams will follow social distancing protocols during restoration efforts. The company serves 7.9 million customers across several states and has significant renewable energy goals.

Duke Energy will announce its fourth-quarter and year-end 2021 financial results on February 10, 2022, at 7 a.m. ET. The results will be shared in a news release available on the company's investor website. An earnings conference call for analysts will occur from 10 to 11 a.m. ET the same day, discussing the financial results and providing 2022 adjusted earnings per share guidance. The company serves 7.9 million electric customers across several states and is committed to a clean energy strategy aimed at significant carbon reductions.

Duke Energy has declared a quarterly cash dividend of $0.985 per share on its common stock, payable on March 16, 2022, to shareholders of record by February 18, 2022. The Series A preferred stock dividend is set at $359.375 per share, while the Series B preferred stock will have a semiannual dividend of $24.375. Duke Energy boasts a history of consistent dividends, having paid cash dividends for 96 consecutive years. The company aims for a 50% carbon reduction by 2030 and net-zero emissions by 2050, reinforcing its commitment to sustainable energy solutions.

Duke Energy Florida is investing $200,000 in economic development initiatives aimed at attracting and growing businesses throughout the state. These funds will support various community partners, helping to address recruitment and workforce challenges. Notably, Enterprise Florida received a $25,000 grant to enhance its collaboration with site selection consultants and corporate real estate executives through Team Florida events. Other grants were allocated to several organizations, focusing on marketing, workforce development, and business attraction across different regions of Florida.

Duke Energy has announced the allocation of $250,000 in grants to support educational and community initiatives across Florida. These grants aim to assist various organizations addressing economic challenges and enhance educational opportunities. Notable recipients include Find, Feed & Restore, which supports homeless families, and the Foundation for Seminole State College, which offers workforce training. The company emphasizes the importance of these programs in helping families and students overcome barriers, especially during ongoing academic challenges.